A top Chinese economic official said Friday the state could buy up commercial real estate in a bid to boost the country's ailing housing market, currently battling an unprecedented debt crisis.
"Great efforts should be made to promote the handling of commercial housing projects classified as under construction that have been sold and are facing difficulties to deliver," Vice Premier He Lifeng told the meeting, according to state media.can place orders and purchase some of the commercial housing at reasonable prices as appropriate to use as affordable housing," he added."Relevant local governments should...
On Friday, Agile Group soared 13.5 percent, CIFI Holdings gained 4.1 percent, Fantasia added 10.5 percent and Sino-Ocean Group was up 7.0 percent.
Source: News Formal (newsformal.com)
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